The Daily Star >> Business >> RegionalCategory.aspx?id=109Middle East Business, Economics, GCC, Saudi arabia, Lebanon, Syria, Levant, north Africa, Egypt1India has ended Iranian oil imports: envoyhttp://www.dailystar.com.lb//Business/Regional/2019/May-23/483892-india-has-ended-iranian-oil-imports-envoy.ashxIndia has ended all imports of oil from Iran, its ambassador in Washington said Wednesday, becoming the latest country to grudgingly comply with threatened U.S. sanctions.Regional2019-05-23T21:50:00.0000000Riyadh seeks private money to transform Red Sea coasthttp://www.dailystar.com.lb//Business/Regional/2019/May-23/483813-riyadh-seeks-private-money-to-transform-red-sea-coast.ashxSaudi Arabia is seeking private sector investment to turn an archipelago islands, desert and mountains on its Red Sea coast into a global tourism destination.RegionalSarah Algethami2019-05-23T00:08:00.0000000BeIN media group CEO charged in corruption probe in Francehttp://www.dailystar.com.lb//Business/Regional/2019/May-22/483772-bein-media-group-ceo-charged-in-corruption-probe-in-france.ashxThe chief executive officer of media group beIN was handed preliminary charges of corruption as part of an investigation into the bidding process for the 2019 track world championships in Qatar, a judicial official said Wednesday.Regional2019-05-22T19:20:00.0000000Turkey to reduce US import tariffs this week, reciprocating US movehttp://www.dailystar.com.lb//Business/Regional/2019/May-21/483690-turkey-to-reduce-us-import-tariffs-this-week-reciprocating-us-move.ashxTurkey's Trade Ministry will implement a reciprocal reduction in tariffs on U.S. imports after the United States halved tariffs on Turkish steel imports last week, two Turkish sources said Tuesday.Regional2019-05-21T18:28:00.0000000UAE gives 6,800 investors permanent residency under new Golden Card systemhttp://www.dailystar.com.lb//Business/Regional/2019/May-21/483670-uae-gives-6800-investors-permanent-residency-under-new-golden-card-system.ashxThe United Arab Emirates said Tuesday it will grant 6,800 foreign investors permanent residency under a new "Golden Card" system after they invested a combined 100 billion dirhams ($27 billion) in the Gulf state.Regional2019-05-21T13:29:00.0000000Libya's NOC concerned about theft and lawlessness affecting oil industryhttp://www.dailystar.com.lb//Business/Regional/2019/May-21/483668-libyas-noc-concerned-about-theft-and-lawlessness-affecting-oil-industry.ashxLibya's state oil firm NOC is concerned about the country's lawlessness affecting the oil industry, it said Tuesday.Regional2019-05-21T12:47:00.0000000Over $1 trillion in M&A hits Gulfhttp://www.dailystar.com.lb//Business/Regional/2019/May-20/483543-over-1-trillion-in-ma-hits-gulf.ashxMore than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks, part of an unprecedented wave of consolidation in the region’s financial industry. Here’s an overview:RegionalAbeer Abu Omar and Archana Narayanan2019-05-20T00:18:00.0000000Over $1 trillion in M&A hits Gulfhttp://www.dailystar.com.lb//Business/Regional/2019/May-20/483543-over-1-trillion-in-ma-hits-gulf.ashxMore than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks, part of an unprecedented wave of consolidation in the region’s financial industry. Here’s an overview:RegionalAbeer Abu Omar and Archana Narayanan2019-05-20T00:18:00.0000000Saudi Arabia deposits $250M
in Sudan’s central bankhttp://www.dailystar.com.lb//Business/Regional/2019/May-20/483545-saudi-arabia-deposits-250m-in-sudans-central-bank.ashxSaudi Arabia announced Sunday it had deposited $250 million in Sudan’s central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir. The Finance Ministry has deposited 937.5 million Saudi riyals into the central bank of Sudan, it said in a statement.Regional2019-05-20T00:18:00.0000000OPEC+ gets ready to grapple with Iran crisishttp://www.dailystar.com.lb//Business/Regional/2019/May-17/483364-opec-gets-ready-to-grapple-with-iran-crisis.ashxWhen OPEC and its allies gather in the Saudi city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran.RegionalGrant Smith2019-05-17T00:08:00.0000000